http://corporate.ford.com/our-company/investors/investor-new...Summary: North America did great, Europe stunk, South America was pretty nasty.... and Asia is developing momentum. Overall, everything is as a follower of Ford would expect.Here's Ford's version:Strong total company pre-tax profit was $2.1 billion, or 41 cents per share, a decrease of $147 million from a year ago; 15th consecutive quarter of profitabilityNet income was $1.6 billion, or 40 cents per share, an increase of $215 million compared with a year agoPositive Automotive operating-related cash flow was $700 million for the quarter — the 12th consecutive quarter of positive cash flow — with strong liquidity of $34.5 billion, unchanged from year-end 2012Wholesale volume and total company revenue each grew about 10 percent compared with a year ago, including market share gains in North America and Asia Pacific AfricaNorth America pre-tax profit was a record $2.4 billion — the highest quarterly profit since at least 2000, when the company began reflecting the region as a separate business unit — with an operating margin of 11 percent. Ford also reported a small pre-tax profit for Asia Pacific Africa, and losses in Europe and South AmericaFord Credit continued its solid performance with a first quarter pre-tax profit of $507 millionFor full year 2013, the company’s guidance remains unchanged — Ford expects another strong year, with total company pre-tax profit about equal to 2012, operating margin about equal to or lower than 2012, and Automotive operating-related cash flow higher than 2012More later..... but I am encouraged by the Asian results: Market share is 3%, a 30% improvement from a year ago. Only $6 million profit, but the market share is what I'm focused on now. With 7 plants under construction in China and India.... expect further gains. Ford appears to be on track to be a significant player that will grasp customer mind share. With that.... and great product.... they will have a great future in the biggest market area in the world. As many of you may know, sales in South Korea and Japan remain miniscule.... thanks to highly restrictive practices in those countries.There's also a slide show at the above link that is always very informative.Rob
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